What criteria to look for when you look for a PVID provider?

Fraudsters favor identity theft. Its financial damage can quickly escalate: 14% of the attacked companies have suffered a loss of over 100 000 euros. To counter this threat, the authorities offered to set a framework that would ensure remote identification. The ANSSI (national safety and security agency) defined this framework in 2021: it’s the Remote Identity Verification Providers (PVID) standard.

As part of its requirements for entering into a remote relationship, the ACPR (Autorité de contrôle prudentiel et de résolution) suggested financial and banking institutions should use this standard.

All service providers that wish to comply with the 1st and 5th measures of the Financial Markets Code (FMC) in France for remote onboarding are concerned by this standard: they must meet the same requirements and offer the same process. So how do you choose among all the PVID providers?

What is PVID and how to get the certification?

To reduce identity theft, the PVID standard certifies that providers meet specific requirements by offering a certified service that is equivalent to face-to-face.

In which context was the PVID standard established?

When identifying a client remotely, the ACPR needed reassurance on remote ID verification and biometric solutions, that’s when the PVID standard was developed. Its goal was to add them to its due digilence measures, as long as they had been certified by the ANSSI. Why? To ensure that financial and banking institutions comply with the 5th AML Directive (fight against money laundering and terrorist financing) by using robust and effective ANSSI certified solutions and offer a substantial level of assurance (equivalent reliability as face-to-face identity verification) or a high level of assurance (preventing any risk of identity theft).

How to be PVID certified?

Nowadays, all remote ID verification providers that wish to comply with 1st and 5th measures of the FMC concerning remote onboarding must be ANSSI certified.

Service providers must comply and attest that their services answer all technical and organisational requirements determined by the march 2021 ANSSI standard.

How does the certification process unfold?

  • First, the service provider sends its submission to the ANSSI, who delegates an certification agent who will instruct the applicant.
  • Then, several evaluation tasks are carried out: service conformity assessment, computer and physical tests for the biometrics part and service efficiency tests for the part related to ID.

The ANSSI collaborates with the Bureau of Document Fraud of the DCPAF (Central Directorate of Border Police) and the documents department of the IRCGN (Criminal Research Institute of the National Gendarmerie).

  • Finally, if the provider meets the requirements, the ANSSI will issue a certification attesting to the conformity of the service. The service provider will then be able to meet the banks’ requirements!

Why Choose a PVID certified solution?

Several solutions compliant with the 5th LCB-FT directive meet the obligations of remote onboarding:

  • ID document verification and micro-payment
  • The Qualified Electronic Signature 
  • A PVID-certified solution, which attests to the conformity of services providing a guarantee equivalent to face-to-face. It meets all the requirements.

Although it does not have the advantages of a 100% digital and instantaneous solution, the PVID certified solution is the only one that allows banks to provide an answer to the unbanked population. This is why it is first and foremost coveted by banks.

How to Tell Each PVID Provider Apart?

All PVID-certified providers will comply with the requirements: they offer dynamic credential capture, video capture and manual verification. So what should you consider when choosing a provider?

  • User experience: which provider offers the most intuitive path?
  • ARIADNEXT accompanies and guides end-users through the process to avoid abandonment rates. They are provided with precise indications until the process is finalized, which makes the process smoother and simpler. As an example, we can mention the fact of having introduced a static capture upstream of the dynamic capture allowing the user:
    1- to not have to specify the identity document
    2- to not go further from the beginning of the process if the document is not PVID eligible or not accepted by the Sponsor
    3- to have an alternative to video capture of the document in case of a title with a chip and an NFC compatible smartphone
    4- to integrate artificial intelligence in the document capture to ensure the capture of all visible security elements that will be manually reviewed.

  • Processing time: which provider delivers a verdict as quickly as possible?
  • While the processing time for a PVID identification is longer (due to the more stringent requirements and the performed manual review), ARIADNEXT guarantees a result in 6 minutes maximum. Note that this time is reduced compared to a face-to-face process.

  • The ability to process various documents: from which documents can the provider extract data?
  • ARIADNEXT is able to process physical ID documents through the video of the document as well as electronic ID documents in order to extract data from the chip. This reduces processing time since, in this case, only the video of the person will need to be reviewed manually. In March 2021, ARIADNEXT launched the NFC (“Near Field Communication”) chip reading support.

  • The PVID document scope: what is the geographical coverage of the provider?
  • ARIADNEXT covers all ID documents throughout Europe in order to meet the requirements of other countries. It also covers passports as defined in Annex 2 of the PVID standard.

  • The size of the product portfolio of the supporting services: what other solutions are offered by the provider?
  • ARIADNEXT provides:

  • The Qualified Electronic Signature (via ARIADNEXT by IDnow).
  • Web and mobile SDKs to capture documents in real time. The capture process can be integrated through different channels: directly from the service provider’s website, in its application, in an email path or in an SMS path.

Providers wishing to obtain PVID certification must comply with technical and organizational requirements in order to standardize the level of service. However, there are five possible areas of differentiation: user experience, processing time, document processing capacity, geographic coverage and supporting services.

Want To Know More About It?

We will be happy to discuss about your project. 

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